William Joseph Dumchus of Westfield New Jersey a stockbroker formerly employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related arbitration claim where the customer requested at least $350,000.00 in damages supported by accusations that between 2006 and 2017, Dumchus placed the customer in an inappropriate stock-based investment strategy. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-03615 (Oct. 18, 2018).
FINRA Public Disclosure additionally confirms that a customer filed an investment related arbitration claim regarding Dumchus’ conduct in which the customer sought $250,000.00 in damages founded on allegations that unsuitable equity transactions were effected in the customer’s account. FINRA Arbitration No. 18-03566 (Oct. 17, 2018).
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